In April, HM Treasury published a long-awaited overhaul of crypto regulation via a draft statutory instrument to bring certain cryptoassets into the UK financial services regime. The instrument is called the Financial Services and Markets Act 2000 (Regulated Activities and Miscellaneous Provisions) (Cryptoassets) Order 2025. The Mansion House speech delivered by Rachel Reeves, Chancellor of the Exchequer, on July 15 provided further encouragement.
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